Answer:
Step-by-step explanation:
Given that: [tex]y=2(10)^{t/12}[/tex]
To rewrite the model in the form [tex]y = a(1+r)^t[/tex] or [tex]y = a(1 - r)^t[/tex]
[tex]y=2(10)^{\frac{t}{12} }\\=2[(10)^\frac{1}{12}]^{t}\\=2[1.2115]^t\\[/tex]
[tex]y=2(1+0.2115)^t[/tex] is in the form [tex]y = a(1+r)^t[/tex] or [tex]y = a(1 - r)^t[/tex] where r=0.2115.
Since 1.2115>1, the model represents an exponential growth.